🔴 Snail is trading 25% down in pre-market after Q2 revenue missed consensus

Snail is trading at $3.43 after falling -25% following its August 11, 2026, second-quarter results miss.

• Q2 revenue missed consensus, falling 11.3% year over year to $19.7 million; bookings declined to $21.8 million as weaker ARK franchise sales pressured performance.
• Net loss narrowed to $3.0 million, largely due to lower tax provisions; management avoided specific full-year 2026 revenue guidance.
• The pre-market decline follows heavy after-hours selling after earnings.